Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Air line stock, getting bailed out with government aid
-April 15 2020: US Airlines Accept $25 Billion in Grants to Survive Coronavirus
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 31, 32, 32.8 - 33, 34, 35
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 32.5 - 33 zone
Confluence: Whole $, Gap Fill
Strike Zone: 32.5 - 33
Sizing (lots): 4
Risk (stop / Rs): Hold above 33
Review / Lessons Learned
There was a pre-mature test of the zone at 32.43 so I waited for the outer lines of the zone to get in, scaled in to full size but market was strong and was not pulling back, I was recycling some shares so I made some profit before scratching the rest as it was holding up too well.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-25 09:57:22 | UAL | sell | $32.930 | short |
| 2020-06-25 09:57:22 | UAL | sell | $32.930 | short |
| 2020-06-25 09:57:31 | UAL | sell | $33.040 | short |
| 2020-06-25 09:57:31 | UAL | sell | $33.050 | short |
| 2020-06-25 09:57:31 | UAL | sell | $33.050 | short |
| 2020-06-25 09:57:37 | UAL | sell | $33.060 | short |
| 2020-06-25 09:57:37 | UAL | sell | $33.060 | short |
| 2020-06-25 09:57:46 | UAL | sell | $32.960 | short |
| 2020-06-25 09:57:46 | UAL | sell | $32.960 | short |
| 2020-06-25 09:58:14 | UAL | buy | $32.850 | short |
| 2020-06-25 09:58:14 | UAL | buy | $32.850 | short |
| 2020-06-25 09:59:12 | UAL | sell | $33.170 | short |
| 2020-06-25 09:59:37 | UAL | buy | $32.980 | short |
| 2020-06-25 09:59:38 | UAL | buy | $32.980 | short |
| 2020-06-25 10:01:46 | UAL | buy | $33.030 | 0 |
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